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“We live in a generation where we are transferring value from energy into a fund that will fund pensions in the future. When oil prices go up and down, nothing goes into my budget—it goes into this fund,” says Jonas Gahr Støre, prime minister of Norway. “From that fund, we can spend 3% or less of interest a year. We have not spent any money from that fund—only part of the interest. It’s meant to be there for future generations. It basically is meant to be a fund there forever.”
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“We live in a generation where we are transferring value from energy into a fund that will fund pensions in the future. When oil prices go up and down, nothing goes into my budget—it goes into this fund,” says Jonas Gahr Støre, prime minister of Norway. “From that fund, we can spend 3% or less of interest a year. We have not spent any money from that fund—only part of the interest. It’s meant to be there for future generations. It basically is meant to be a fund there forever.”
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Man Explains The Harsh Reality of Paying Taxes. Taxes do not only show up when you file a return. They can affect your money when you earn it, spend it, invest it, own property, or pass wealth on. That is what makes taxation such a powerful part of personal finance. The debate around taxes has existed for centuries, from the American Revolution to modern arguments over who should pay, how much should be collected, and where that money should go. Taxes fund roads, schools, healthcare, emergency s
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